Directional Strategies
Buy Call
A simple directional strategy where you buy a call option when you expect the m…
Buy Put
A simple directional strategy where you buy a put option when you expect the ma…
Sell Call
A directional strategy where you sell a call option when you expect the market …
Sell Put
A directional strategy where you sell a put option when you expect the market t…
Non-Directional Strategies
Calendar Spread Strategy
Buying and selling options of the same type and strike price but with different…
Covered Call
Selling a call option against an asset you already own to generate income.
Iron Butterfly
Combining a long or short straddle with the simultaneous purchase or sale of a …
Iron Condor
A delta-neutral strategy using four options with different strike prices.
Long Straddle
Buying both a call and a put option at the same strike price and expiration.
Long Strangle
Buying an out-of-the-money call and an out-of-the-money put with the same expir…
Protective Put
Buying a put option for an asset you already own to protect against a decline i…
Short Call Butterfly
Selling one ITM call, buying two ATM calls, and selling one OTM call. A credit …
Short Put Butterfly
Selling one OTM put, buying two ATM puts, and selling one ITM put. A credit str…
Short Straddle
Selling both a call and a put option at the same strike price and expiration.
Short Strangle
Selling an out-of-the-money call and an out-of-the-money put with the same expi…